[XMR] Monero - A secure, private, untraceable cryptocurrency

[Brilliantrocket]

Next stop .002, might buy a few.

[pbleak]

Now is the time to buy for the smart ones.

[5w00p]

Mumbles, I can appreciate your opinion and concerns.  However, I also have both of those things, so here goes:

1) As arcane as XMR seems to some, with its command-line and minimalist beta GUI wallets, there are still plenty of machines toiling away mining it worldwide.
2) XMR has a higher value than many altcoins out there.
3) XMR has a dev team that is 99.999999999999% unconcerned by p&d'ers, fud'ers, et al.
4) XMR's mining difficulty-to-value ratio is decent, imho.
5) Fuzzy mascots seem dumb to some, yet are loved by some.  I originally thought the mascot deal was a little immature/unmanly.  I must admit that the damn thing has grown on me a bit.

TLDR: XMR's dev team is not myopic.

[dbzenhosting]

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.

Well said. Sad thing is no one going to do anything about it. Hope XMR doesn't fail. Isn't looking good.

[policymaker]

I am trying to transfer small sums, like 2 or 1 or 3 moneros, and it keeps saying the transaction size is to big, whereas yesterday I was able to transfer more than 5 monero at once, what is going on :/

The problem is dust from the pools - you have a huge amount of inputs when spending. Pools won't sent you dust any more and in the next version the wallet will split the transactions for you (with larger fee). Currently your only option is to send smaller amounts (possibly to a new wallet of yours so you could then transfer it all at once).

ty very much dear sir!

[statdude]

How does XMR anonymity compare with Verisend (currently it's biggest competitor of the week)?

VeriSend is a service which attempts to mask transaction data from prying eyes. It utilizes ring nodes, random transaction send amounts, and various other techniques to hide the send/receive connection from the world. Mixing cycles represent the amount of time your coin sits within the ringnodes washing from wallet to wallet. Each cycle takes between 30-90 minutes. The more cycles you allow, the more difficult your transaction will be to track.

[Nathonas]

No more bitching about price drops. You invested in a alpha-stage currency in the infancy of crypto-currencies. Adoption will be stifled if everyone just cares about is doubling up over night. Go to a casino! Keep in mind the broader goal of creating a balanced and decentralized currency in which the world can participate. This is what the crypto-currency movement needs to be about . Not quickly turning over your XMR for USD/EUR, but competing with the established system. I believe if we lose this vision the movement will fail. So everyone hold on, you knew this would be a ride . When everybody thinks XMR is worth an ounce of gold the price will be an ounce of gold , right now consensus says XMR is worth 0.00414935 BTC.

In other words, pump and dumpers gtfo. Monero is actually going down for a logical reason (being mined too fast and not enough demand yet).

[btell]

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.

I want very much to contradict you, but I can not. You are unfortunately so right.

[othe]

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.

Are you one of those Bytecoin fakeaccounts, as mentioned by rethink-your-stragegy here?
https://bitcointalk.org/index.php?topic=199685.msg7505638#msg7505638


Github alone shows how wrong you are: https://github.com/monero-project/bitmonero/compare/master@%7B1month%7D...master

And thats just the master-branch where most work isnt merged yet.

I am not even commenting the rest of your posts as its already done x times here....

[btell]

How does XMR anonymity compare with Verisend (currently it's biggest competitor of the week)?

VeriSend is a service which attempts to mask transaction data from prying eyes. It utilizes ring nodes, random transaction send amounts, and various other techniques to hide the send/receive connection from the world. Mixing cycles represent the amount of time your coin sits within the ringnodes washing from wallet to wallet. Each cycle takes between 30-90 minutes. The more cycles you allow, the more difficult your transaction will be to track.

Currently, no one technology can offer level of totally untrusted distributed anonimity like Cryptonote-based coins. This fact was mentioned by main BITCOIN developer.

Who knows... May be devs of Monero has to analize Cryptonote whitepaper very accurately and for a long time?..

One is definite: VeriSend is 100% trust, it even less anonymous in fundamentals, than even shit Darkcoin. It is roughly shit^10 "anonimos" coin.

But vericoin devs are so energized! Their energy - let us bring to Monero!

[aminorex]

The proper benchmark for comparison of development progress is not a throw-away pump&dump coin, but bitcoin, or possibly nxt, ethereum, xcp.
Development on these scales is somewhere between blazingly fast and fairly moderate.

It's silly to say core won't accept help, given that the code is in git.  Did you submit a pull request that was rejected?  No?  Then what are you up about?

The "size issue" is a non-issue as long as one can easily run a fullnode.  There is no time-scale on which you can reasonably project that it will be difficult to run a full-node on high-end commodity hardware.  Given thin-clients, what more do you need?  Thin clients are in development.
EDIT: I thought you were referring to the recurrent criticism that the blockchain is larger than bitcoin's.  I suspect you were referring to transaction size.  That is addressed by tacotime, below.

In short, everything you mentioned as a problem was not, in fact, a problem, with the possible exception of the fact that the website is neglected, but not much.  It could use a few periodic updates, perhaps some more external links, but it covers what it really needs to cover.

[btell]

Github alone shows how wrong you are: https://github.com/monero-project/bitmonero/compare/master@%7B1month%7D...master

And thats just the master-branch where most work isnt merged yet.

I am not even commenting the rest of your posts as its already done x times here....

You came up with a pound of optimism proof. Respect.

Nevertheless, why Monero devs deny help, do not answer email dev@monero.cc, and can not fix just html-markup mistakes in official site? I do not speak about visual design - the less the design, the better of my opinion.

[tacotime]

Github alone shows how wrong you are: https://github.com/monero-project/bitmonero/compare/master@%7B1month%7D...master

And thats just the master-branch where most work isnt merged yet.

I am not even commenting the rest of your posts as its already done x times here....

You came up with a pound of optimism proof. Respect.

Nevertheless, why Monero devs deny help, do not answer email dev@monero.cc, and can not fix just html-markup mistakes in official site? I do not speak about visual design - the less the design, the better of my opinion.

Website has been extensively redesigned, we're just putting the finishing touches on it before we upload it

[tacotime]

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.

The size issue for sends is fixed on tewinget's master, one of the exchange operators had trouble getting payments from it so we're being careful merging it, but we think it's an issue on their end

[birr]

Looking at the OP, I only see 64 bit with respect to linux.
How hard is it to set up a command line wallet on a 32 bit machine with ubuntu 12.04?

[tistoni]

IS THIS NORMAL? This has been going on for 2 days now, I downloaded from OP a recent blockchain.

2014-Jun-27 00:11:57.571893 [P2P8][220.162.134.106:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:14.556261 [P2P2][108.174.150.28:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:21.153527 [P2P0][218.242.201.140:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:26.578061 [P2P7][71.251.220.233:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:27.241211 [P2P7][77.109.122.202:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:27.406908 [P2P7][155.210.85.36:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:27.664500 [P2P1][84.114.235.113:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:39.168597 [P2P0][116.11.192.50:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:43.326081 [P2P7][114.244.158.14:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:12:54.833453 [P2P0][50.162.71.95:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:05.548240 [P2P8][85.155.240.4:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:14.644983 [P2P6][24.183.138.222:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:14.747003 [P2P6][144.76.78.244:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:15.324189 [P2P2][109.197.253.113:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:22.229521 [P2P9][182.36.251.12:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:28.670194 [P2P1][107.158.233.98:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:13:44.592521 [P2P7][75.139.53.180:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:08.985887 [P2P4][sock 700] Some problems at write: An existing connection was forcibly closed by the remote host:10054
2014-Jun-27 00:14:16.153419 [P2P9][69.123.199.20:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:26.548722 [P2P2][122.151.222.214:18080 OUT]Sync data returned unknown top block: 94300 -> 101923 [7623 blocks (5 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:29.330504 [P2P4][106.185.24.160:18080 OUT]Sync data returned unknown top block: 94300 -> 103047 [8747 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:47.437265 [P2P8][5.9.143.169:18080 OUT]Sync data returned unknown top block: 94300 -> 103047 [8747 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:54.764096 [P2P2][46.166.76.138:18080 OUT]Sync data returned unknown top block: 94300 -> 103047 [8747 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:14:55.640426 [P2P6][217.70.19.106:18080 OUT]Sync data returned unknown top block: 94300 -> 103047 [8747 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:15:06.449785 [P2P7][128.2.209.18:18080 OUT]Sync data returned unknown top block: 94300 -> 103048 [8748 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:15:26.311667 [P2P8][83.228.83.89:18080 OUT]Sync data returned unknown top block: 94300 -> 103048 [8748 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:15:44.194257 [P2P1][37.59.31.185:18080 OUT]Sync data returned unknown top block: 94300 -> 103049 [8749 blocks (6 days) behind]
SYNCHRONIZATION started
2014-Jun-27 00:15:46.455855 [P2P4][107.170.157.169:18080 OUT]Sync data returned unknown top block: 94300 -> 103049 [8749 blocks (6 days) behind]

[cAPSLOCK]

IS THIS NORMAL? This has been going on for 2 days now, I downloaded from OP a recent blockchain.

2014-Jun-27 00:11:57.571893 [P2P8][220.162.134.106:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]
SYNCHRONIZATION started
... ... ...

2014-Jun-27 00:15:46.455855 [P2P4][107.170.157.169:18080 OUT]Sync data returned unknown top block: 94300 -> 103049 [8749 blocks (6 days) behind]

I'd save and restart.  Looks like you have a terrible internet connection.

[btell]

IS THIS NORMAL? This has been going on for 2 days now, I downloaded from OP a recent blockchain.

2014-Jun-27 00:11:57.571893 [P2P8][220.162.134.106:18080 OUT]Sync data returned unknown top block: 94300 -> 103046 [8746 blocks (6 days) behind]

From practical point of view, I have not lost no XMR coins. Sometimes, bitmonerod writes messages even weirder than this. Sometimes it seems to stop accepting new blocks. I just restart it. And all seems ok.

All we waiting for new fixes form Monero devs! But I say - I CAN work with Monero even with these issues. No one case I caught that data was damaged or my transaction was lost. Large transactions do not pass sometimes, I divide them in half-parts simply.

[btell]

Website has been extensively redesigned, we're just putting the finishing touches on it before we upload it

Thank you very much! I've just mentioned html markup errors...

What about main issue - bloating database on disk and bloating exe-file memory footprint? Both are nearly ~1.3-1.5Gb? Do you replace boost solution by leveldb as in Bitcoin?

[fluffypony]

Website has been extensively redesigned, we're just putting the finishing touches on it before we upload it

Thank you very much! I've just mentioned html markup errors...

What about main issue - bloating database on disk and bloating exe-file memory footprint? Both are nearly ~1.3-1.5Gb? Do you replace boost solution by leveldb as in Bitcoin?

Boost is a set of libraries used in Monero, they aren't really replaceable:)

Even when we've moved to an embedded database, it will grow linearly as the blockchain grows. However, it will vastly reduce the memory footprint required by the running daemon, as we will only need to keep a small number of blocks in RAM, and just maintain the current utxoset.